Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Supreme Court upheld a service tax demand of Rs. 16.6 crore against BPCL and HPCL, determining that both companies acted as commission agents for Mahanagar Gas Ltd. The commission earned on the sale of CNG is thus subject to service tax.
FeaturedThe Supreme Court affirmed that although breaching Section 269SS incurs penalties, such a breach does not render a cash loan unenforceable under the Negotiable Instruments Act.
FeaturedThe Delhi High Court reinstated a customs broker's licence after ruling that the mandatory 90-day timeline under Regulation 17(5) of CBLR 2018 was not adhered to during revocation. This judgment emphasizes the importance of procedural adherence in administrative actions.
FeaturedThe Bar Council of India (BCI) has introduced stringent regulations governing advocates' social media conduct. Advocates must now designate Social Media Ethics Nodal Officers and ensure transparency in content creation.
FeaturedThe Orissa High Court held that a corporate debtor is not liable for criminal prosecution for environmental violations occurring before commencement of Corporate Insolvency Resolution Process if a resolution plan has been approved.
FeaturedThe NCLAT Delhi has dismissed appeals against penalties and debarment of an auditor related to the audit of a listed company. This ruling reinforces professional accountability and the significance of compliance with audit standards.
FeaturedThe NCLT Ahmedabad has approved the amalgamation scheme of J.B. Chemicals with Torrent Pharmaceuticals, ensuring compliance with statutory and regulatory requirements.
FeaturedThe Competition Commission of India (CCI) has imposed penalties on HP India and various resellers for cartelisation practices in supply chains. The ruling emphasizes the need for compliance with competition laws to prevent anti-competitive conduct.
FeaturedThe RBI issued a notification updating the implementation of Section 51A of the UAPA, aligning Indian regulations with the UNSC's 1267/1989 sanctions on ISIL and Al-Qaida. This marks a crucial step in enhancing compliance with international counter-terrorism financing obligations.
FeaturedThe Reserve Bank of India has released new directions concerning credit derivatives, marking significant regulatory developments in India's financial landscape which include derivative trading on credit indices.
FeaturedThe newly introduced FCRA Amendment Rules of 2026 impose stringent compliance requirements on non-governmental organizations (NGOs), focusing on financial transparency and activity-specific registration.
FeaturedThe Reserve Bank of India has released the Master Direction for Credit Derivatives, introducing crucial regulatory guidance for participants in the credit derivatives market. This aims to promote fair practices in derivative transactions.